Anarchism

Anarchism TIle ultimate aim of the communists is to build a social structure in which there will be no need for the State. As we said above “the State will wither away.” This is technically known as anarchy. In ordinary language, anarchy means absence of...

Functions oF the Fund

Functions oF the Fund From the brief account of the international Monetary Fund given above, it can hc seen that the Find  performs five major functions: i) It serves as If any liquidating an adverse balance of payments will come to its aid. It docs not, however,...

Progressive System

Progressive System  Further. with the quickening (If the pace of technical progress. riskiness of business has increased so that e\en, though the normal economic life of capital assets may extend over a long period. businessmen want to recover their capital costs in a...

Direct Action

Direct Action only as a measure to meet exceptional emergendes because it is open to serious abuse Direct Action and Moral Suuvinn: The other methods of credit control may be noted only briefly. There is what is called ‘direct action.’ This...

Central Bunk

Central Bunk “A ‘central bank’ is a’bank of the government ‘hich regulate, controls, directs and manages the complete Iiuar curl system in an economy with the sole objective or public interest by varying the total supply of money in an...

Varying Reserve Requirements

Varying Reserve Requirements When it is sought to restrict credit, the central bank may raise the reserve ratio. In 1960, for instance, the Reserve Bank of India required the scheduled banks to maintain with it additional reserve equivalent to 25 per cent of the...